We would like to express our sincere gratitude to our shareholders and investors for the exceptional support.
In terms of the business overview for the fiscal year ended March 2022, sales in the product business increased significantly due to a large increase in shipments of the mainstay product “RS1” as a result of large-scale orders received in response to the ongoing replacement of old to new regulation machines in the amusement market. Sales in the IP core license business and professional service business also increased year on year. As a result, net sales significantly increased year on year, reaching a record high, and operating income, ordinary income, and net income attributable to owners of the parent remained in the red, but significantly improved year on year.
In terms of business activities, IP licensing and professional services for new and existing customers’ projects in the safe driving assistance field got active. In the robotics field, we saw an increase in business projects centered on PoC and started customer installations of the Cambrian vision systems for collaborative robots, for which we have exclusive sales rights in Japan.
As we celebrate our 20th anniversary this year, we position this year as our second founding year, and we will leverage our strengths in providing integrated AI services ranging from algorithms and software to hardware and from the edge to the cloud to help our customers and society solve problems and also create technologies and innovations that have an impact on society, thereby accelerating our growth.
We would appreciate your continued support.
April 1, 2023
Tatsuo Yamamoto, Chairman & President and CEO